The team of NAV Coin, a digital currency, announced that it will re-launch their anonymous network with updated security features and improved scalability.
According to the official release, NAV Coin Dev Team has been planning for the upcoming re-launch of the network for the platform, on a long-term basis. Shifting codebase from PHP to NodeJS will enable an easy transition to the fully decentralized platform. NAV Coin developer Craig MacGregor has been working for a year, perfecting the technology behind the anonymous decentralization. According to him, the re-launch would include an upgrade to 2048 bit encryption.
“We are coming fast to the point where we can decentralize the anonymous network. This will allow users to run their own processing servers. They will be able to earn NAV Coins for processing transactions, and we will become the first decentralized, double encrypted, anonymous system running entirely on blockchain tech,” Craig MacGregor said.
NAV coin has its unique secondary blockchain called ‘subchain’ that has total anonymity for transactions. Subchain is used by the receiving servers in order to instruct the sending servers to send NAV coins and the amount to be sent. The blockchain system also has added the benefit of enhanced network durability.
“We use a secondary blockchain or ‘subchain’ to direct and manage our anonymous transactions as they are encrypted, randomized and routed through the network. From a user perspective, it’s simple to use. All you have to do is tick the “Send NAV Anonymously” box and click send,” he added.
The NAV Coin Dev Team has plans to become the first currency to send anonymous transactions from a mobile wallet and is working towards it. Along with anonymous merchant integrations, the team will bring this into effect. NAV Coin stands in the 43rd position among blockchain assets with its market cap amounting to $3,043,826 at the time of writing.
